A. An audiobook is an example of a club good because it is___andin consumption. B. In some states, it is illegal to pick certain kinds of wildflowers by the side of the road. This is because wildflowers are a___. Without these laws, wildflowers are bothin consumption and. In passing these laws, the states are hoping to avoid a tragedy of the commons.

A. because it is good and non rival in consumption.

B. scarce and wildflowers are non rival in consumption.

Explanation:

Non rival consumption is one in which two or more people can enjoy the same good or service at one time. The audio book is an example of non rival good because more than one person can listen to the audio book at the same time.

The financial planning has roughly the same structure. Even in their later stages of life, they need to prepare and pre-save for any major risks that may occur. Having a spouse and children may increase this risk as well. It’s important to set aside a little future college money for their kids, maybe an allowance, ect. Their savings when it comes to risk management should also be increased. Having to not only prepare for accidents with themselves, they now also have to prepare for any accidents including their children and spouse. Saving money for assets is also important, going in debt would put the whole family in danger so making sure house/apartment payments, car payments, taxes, ect., is needed.